St. Paul daily globe., 1887-04-17

also to have been quite a considerable degree
of feeling created during the last three or
four days of the week out on st. Anthon v
hill, in the vicinity of Dale street and the ter
minus of the cable line, all through Hol-
combes addition and also around Palace ad,li-
ton. In fact, all that part of the hill, pretty
well out, has felt the intimations in regard to
the cable line.
A. E Clark-There has been considerable
movement in real estate, rather more than
usual, but sales have been generally made
quietly, and the consequence Is that the mar
ket eppears quiet. l have kept no account
of the sales for the week, but have no doubt
the aggregate will run considerably over
81, 900. 600 that will be recorded, besides some
very large sales that will not be recorded
for some months yet. This is at the
rate of over 100000 per day, which ought to
be regarded as a very satisfactory market,
and q great deal better than an excited and
booming one. Soldity stands for something
more than froth, and in business means some
thing.
Dr. ]. H. Bryant-My attention has natur-
ally been mostly directed to West and South
st. Paul, where my interest mostly lies.
Sales have been very free in this direction.
It's probable that we will soon withdraw
large part of the property we have on the
market. At any rate we shall not sell any
large blocks. or course all the st. Anth ony
hill property and the Midway realty, too,
stands out prominently as good, and is al
ways in the best of demand. 1t always will
command first-class attention and good prices.
Several large sales of inside business prop
erty have been made this week, not by me,
but | know the transactions were carried
through. One was sale for $4,000. another
for SO, 900 and the last for $40, 900. This, re-
member. was inside business property. There
is no trouble about the market. 1t win take
care of itself, and is as solid as can be de-
sired.
p. 7. Kavanagh-The market has the ap-
pearance of being quiet. We don't hear
much said about it, anyway. There seems to
be just about the same amount of buying and
selling as usual, according to the register of
deeds record, still there seems to be but little
said about 1t, and it, Therefore passes as quiet
The fire department / see sold its building
on the west side of st. Peter street through
A. NJ. Dohertv, just above Washington for
SO, $50 with the engine house on it. The lot
is 40 feet front. The fire commissioners have
bought a lot on the corner of Sixth and Fort
streets where another engine house will be
built
A. H. Rogers-The market is very steady
and satisfactory. Some complain because
there IS not more excitement and noise. 1t
is better that it should be as it is. The people
of ST. Paul are conservative and don't go
much for fuss and feathers. The records
show that the transfers run from 1000, 900
per week to 81, 500, 000 and sometimes they
run up to over 81, 600. This 1t must be
remembered was aiso right in the midst of the
Duluth and Ashland boom, when many of
the st. Paul dealers went up to those cities
and invested their money instead of remain
ing here in st. Paul and putting it in here.
1t seems TO me that this tells the whole
story. Everything Is quiet, steady and firm,
with free sales. What more can be asked?
There has been all the week very active de-
mand for acre property all along out east and
northeast of Lake Phaen.
H. S. Fairchild s. Son-We discover
marked change in the tone of the market dur
ing the week. There was a temporary inter-
ruption of trade by the foolish booming buSi-
ness on the lake, but it was only temporary
in character and did not last long. but. after
all, it resulted really and ultimately in solid
benefit TO ST. Paul. During the last few days
we have received more letters from abroad
for outside investments than for a long time.
Sales have been large, especially in acres
We have sold in different parcels over seventy
acres in Fairchifds garden lots; also four lots
in Pacific addition, near Elevator b; also four
lots on the corner of Holly avenue and Avon
street. There has been very active demand
for lots in Midway Heights. which seems TO
tie rapidly growing in favor on account of the
immense Improvements going on there.
Within the last few days we have sold thirteen
lots in Midway Heights. There is every indi-
cation Of an unusually heavy spring and
summer trade. Capital still continues to
and acre property is mostly sought for
j. III. Davidson, of the Davidson Company
Il think everybody. and especially the deal
ers, are good deal surprised at the cond-
tion of the real estate market in st. Paul.
When the Duluth and Ashland craze was on
and everybody was rushing up TO the lakes,
many feared that the result would be dsas-
trous to st. Paul Besides taking capital away
from here it was thought that after the collapse
and people had lost large sums of money in
these two places, hey would look upon the
Northwest as q wildcat region, upon which
no reliance is to be placed. There was Il con-
siderable fear that the substantial character
the city has always maintained would be i'm
paired in this obiique, indirect way. This fear
has not been realized The market is decid-
edly stronger than it was before the wild, tool-
ish Ashland boom. Prices are fully as strorfg
and much frmer, while sales are larger
There is a return of confidence that increases
our reputation for stability, responsibility
and solidity. The slow, conservative dispo-
sition of some of our people after all has some
quality of usefulness init.
Leman Il Parlin report sales the past week
very good, and say that the many improve
ments to be made in East St. Paul this sum-
mer, with the assurance that the cable line
on East Seventh street will be built, have
given great stimulus to sales in that part of
the city. They report the following sales:
Five lots on Minnehaha street, three lots on
Beech, one lot on Ross house and lot on the
corner of Reaney and Mendoza, three lots on
Edmund street, forty acres at Lake Vadnais,
four lots in Eastville Heights and four lots at
Manchester Park.
J. R. McMurrap says the market is very
active, strong and firm. with large number
OF buyers on hand with prices gradually adj
vancing. He has sold $4,000 worth of lots
in st. Anthony Park north. At Como there
is a great deal of activity in both acres and
lots. There is no trouble at all about the St.
Par Qrkl Ratu on
$500 GOO and $500. coo in sales each week shows
a good. healthy and promising market, but
not an excited one. St. Paul is quite q large
city, and ought to do as much real estate
business as this without ripple being caused
by it.